Bold Films is financing the film as well as producing with Marc Platt Productions and Gosling's Phantasma Films. David Lancaster and Michel Litvak are producing for Bold along with Platt and Adam Siegel.

Gosling wrote the film himself and has decided not to appear in it, to the dismay of his legion of fans.

The deal for U.S. rights, which is being negotiated by WME Global, is rumored to be in the vicinity of $3 million. Sierra/Affinity is selling international territories.

The fantasy thriller follows a single mother who is swept into a dark underworld, while her teenage son discovers a road that leads him to a secret underwater town.

Warner Bros. is high on Gosling, who starred in its movies "Gangster Squad" and "Crazy Stupid Love."